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20130228
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CNBC 18
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CNBC
Feb 19, 2013 4:00am EST
the two nations. we'll have the latest on his trip from dehli. >> and it's still london's fashion week, yes, strutting its stuff, but how luxury brands are faring. we talk to ceo angela aarons. we'll hear from her later in the show. >>> and taking the positive u.s. housing numbers from the nhab numbers. we'll be in new york with analysis at 11:45 cet. >> the italian election race is heating up. there is less than a week before voters head to the polls. comedian turns politician beppe grillo, in fact, is owes closing in on sylvia berlusconi for second place. official polls can no longer be published. the private polls seen by reuter s suggest mario monti may, in fact b with be something of a spoiler. >> and the election largely coming down to five key candidates. the front-runner is bersani. he's the leader of the center left pd party, calling for growth measures alongside monte's plan. sylvia berlusconi is threatening to make a political comeback despite corruption scandals. we've mentioned the comedian beppe grillo. at the same time, the former caretaker mario monti, he's been struggl
CNBC
Feb 8, 2013 4:00am EST
've seen -- what was it, the bruin london pack is deepening. so in some ways, it seems as though it's deepening. just a bit of news here following the discussion we had with stephane just a few minutes ago. the french finance ministry is now saying the state is not -- it's taking a stake in peugeot. it's not on the agenda. peugeot shares are down about 2% currently on the cac 40. it says an asset write-down doesn't mean it needs a capital boost, that the write-down doesn't affect its solvability or liquidity and that the probabilities pursue a recovery plan. all of this coming out of the french government is ironic in the first place. now you can see shares falling almost 275%, ross. clearly there is some hope that there would be a benefit here or help from the government without necessarily nationalizing, but they say their priority is to strengthen the gm alliance. we'll keep an eye on gm shares and see if they want to move it along. >> so no stake at the moment, according to french government. meanwhile, the world's fastest main, usain bolt could be ready to end his uk competitio
CNBC
Feb 15, 2013 4:00am EST
contention. of course, in the london market, around about 18% of the london market cap is made up of russian companies because they're not sure about the quality of the investor base in russia to, obviously, have those listings. now, i spoke earlier to yevgenni , the head of the moscow inter bank exchange. it had its ipo just over an hour ago. it's trading just above the issue price of 55 rubles. and i spoke to the ceo about some of these key issues and about getting international investors excited about investing in an ipo here in russia or hong kong. let's listen in. >> the importance is for our business going forward because we come and speak with our clients and say, listen, you can do a sizable ipo on the exchange. we want to go out there and demonstrate it ourselves that we can go and raise half a billion dollars. it's a good saturday start. >> what has the international community been like? >> it has been predominantly good in judicial names. >> when i look at russian companies, i know that now roughly around about 18% of the listing market cap on the london market, for instance. why
CNBC
Feb 18, 2013 4:00am EST
state from the finance ministers. we have a roundup of the g-20 meeting in moscow. >> and london fashion week is under way and international expansion seems to be the latest trend. we'll hear from top designers who are putting their foot forward on the global runway. >>> first, standard & poors says it wants more time to gauge shinzo abe's rating policies. s&p says recent policies could reflat japan's economy. but the government's books will continue to be weighed down by heavy debt. that's even if plans go ahead to raise a sales tax. there's a one in three chance of a downgrade this fiscal year. this is as the japanese prime minister shinzo abe says he will consider changing the bank's mandate. he didn't comment on current policy. all this as investors determine who will become the bank of japan's next governor. front runners for the post include former bank of japan deputy governor and the head of the asian development bank harikahiko tura. >> we did catch up with taro at a meeting this weekend in moscow. the next boj governor was covered, but the first question, whether mr. aso though
CNBC
Feb 21, 2013 4:00am EST
. and his speech in london was definitely a discontinuity point. i think he is what -- he impersonates the kind of leadership that we need in europe, someone that is, i would say, multicultural and that has a very clear perception of the global reality. while most of politicians in europe are purely domestic and, therefore, do not fully appreciate that we are competing in a global world. however, mario draghi sits in frankfurt and we need to implement reforms here and italians have to take charge of that, for that. and it's very interesting because you're referring to margaret thatcher in the uk and schroeder in germany. in continental europe, perhaps it is easier for center left coalitions to push forward with structural reforms because they can get the buyin of a larger segment of the population. >> do you think by doing what mario draghi has done he's actually given italy the stability no matter what happens at the election in order to pass through these reforms? he controls the market, in a sense? >> well, that is a very important form of insurance. the results are another one that
CNBC
Feb 5, 2013 4:00am EST
around the corner from us here in london. thank you for coming by. >> pleasure. >> do you agree with what the white house is saying and what a lot of these ceos seem to be saying which is that the country is suffering a lack of competitiveness because of the lack of immigration policy? is this the next issue on the agenda? >> i think it's one of the issues. look at how they acted after 2008. i mean, the recession technically in the u.s. was smaller than it was in the eurozone. but the measures that were taken in the u.s. at that point in time in 2008 and 2009 were a lot more stringent than they were in the eurozone. if you look at the job cuts at that point in time, if you look at insolvencies, i think it's a lot more stringent than it happened here. but the flip side of the coin is the way it worked itself out of the recession i think is more impressive than what we're seeing here. wouldn't you say that has more to do with avoiding a sovereign debt crisis by virtue of not being a haphazard monetary union? >> that's part of it. but also, i think the way the u.s. manage itself out of the c
CNBC
Feb 12, 2013 4:00am EST
the business. the core of the bank remains the same. london investment bank and new york investment bank. the core of the bank remains the same. they're making changes around the area and the core of it is as it was. >> talk about the investment bank in particular. this has been the place where not just barclay's, but a lot of the competitors, too, try and wind things down. this is a place that's been pretty profitable in the last quarter. >> it is. and they're tied slightly with the investment bank. it's a big part of barclay's profit so he couldn't make big changes. he's announced radical cuts last year. that said, he has promised changes to bring costs down which would shift the balance slightly of shareholders. the cost income ratio was about 55% in 2012. he promised to bring that down to the mid 50s. >> just to stay on this point for a second, even ubs has quietly slowed, perhaps, what it was planning to do. it was the investment bank, in fact, that was one of the healthier parts of the business. >> absolutely. it's been a good end to last year for some parts of the investment bank.
CNBC
Feb 28, 2013 4:00am EST
in london or certainly in the u.s. they wouldn't mind seeing at this point. >> we've created a million private sector jobs. >> in britain? >> yeah. >> well, congratulations. >> there you go. that is the great conundrum, right? >> it's true. the different between -- well, and even with germany. the liesh market social security holding up, despite the sharp contraction in the fourth quarter. although this will probably add to the sense that the german economy bottomed during that period. >> did i see any -- i haven't seen any, no. i think that's out a little later. plenty to get through on today's program. >> it's good to be back, by the way. >> biggest take away from the mobile world congress? what's the one thing you saw that you thought, oh, that is really cool. >> i go to a conference like this and i think, machine res taking over the world. >> that's the thing we talk about. i don't like those machine peps. >> exactly. so 50 billion connected-m devic. that's a figure thatjs -- some y the point is, it isn't just about you and i talking to each other on a mobile phone. we are well bey
CNBC
Feb 1, 2013 4:00am EST
and soho earnings out of china. htc and mediatex report fourth quarter numbers. >>> back here in london, the jpmorgan trade known as the london well reportedly tried to warning others at the bank months before they led to losses of more than $6 billion. "the wall street journal" citing e-mails reviewed by a senate panel and jpmorgan and say bruno told another trader last january that the size of his bet wag getting scary. managers didn't stop his trades until march. the senate panel is examining whether the bank failed to disclose crucial information to its primary regulator. >>> and talking of wales, we have another discovery in the uk. slightly different nature, this, and it might leave one british man with a hundred thousand pound payday. 50-year-old ken willman stumbled upon a clump of whale vomit while walking his dog. he initially thought it was a football. but picked it up and noticed a foul smell. he then told sinus that a company offered to pay him 50,000 for the vomit which is used to make perfume. but companies in thailand offered up to 4 times that amount. i'm not sure how y
CNBC
Feb 13, 2013 4:00am EST
a new store in central london at 10:45 cet. >>> the secretary of general of the international chamber of commerce in paris. a first on cnbc at clesk cet, 10:00 london time. >>> then a call on comcast shares after the now 100% owner of this company, they've announced they're buying the rest of nbcuniversal in a $16 billion deal. and i still want to say, i feel very comfortable about this. i feel very -- i'm sure you feel happy. good for everybody. >> they like us. >> g.e. stock was up -- >> i didn't like that g.e. stock was up, then i saw the reaction of comcast, all right, they're up, too. >> you, me, fantastic. we're very happy, brian. >> have to say that -- are you pained to say that i should say? >> i don't know. i'm paid, though. don't know if i'm paid to say that, but i am paid. right. have i done enough on that now? >> yes. >>> societe generale swung to a loss on the back of eurozone weakness and one of charges. coming in below expectations, the bank racked up a quarterly net loss of 476 million euros. on top of that, france's number-two listed bank had goodwill writedowns of $2
CNBC
Feb 7, 2013 4:00am EST
. stephane, it might be snowing here in london later today, so maybe you can come up our way and enjoy it. >> thanks for that, stephane. >>> still to come on today's show -- >> sony gets a boost from the falling yen, but will the future remain bright? >>> the euro trades higher. the central bank not expected to move on rates. mario draghi also facing questions about the mo on nti paschi scandal. >> mark carney faces investors in the uk with the policy rate decision later today. >> alcatel lucent's ceo says he's bowing out of the group. he tells cnbc stepping down is for the best. >> i took the decision -- it's hard, you know? it is emotional. it feels like painful. but at the same time, it was better for the company and, therefore, that's what you have to do. >> and the falling yen helps keeps play station in the game. it swings to a third quarter operating profit. >> we have trade data out of the uk. december manufacturing output up 1.6% on the month, much stronger than the forecast plus 0.7. that meant the yen is down 1.7% on the year. december industrial production also up 1.17% on the
CNBC
Feb 14, 2013 4:00am EST
will prosecute. >> and it looks like markets are expecting the boj to buy on the london engine, but what about buying overseas? we've seen them indicate support for the esm or maybe looking at peripheral european sovereign debt which interestingly enough, europe is probably appreciative of the fact that someone is buying into the industry. but nevertheless, how aggressive might japan be about buying outside its shores in order to help weaken the yen? >> again, this is probably something that will get a clear picture after the -- will have his first meeting with the boj in march. i agree with you, there tends to be a more aggressive move towards european assets. having said so, i do not know if we will see drastic moves on interest rates overall. let's not forget on the debt side of the japan that most of the debt is in the hands of domestic investors that usually have less demand to increase interest rates for the environment suggest so. >> okay. marco -- >> so at the end of the day, i don't see increase of interest expense drastic for japan in the medium term. >> right, right. well, that's th
CNBC
Feb 26, 2013 4:00am EST
. >> great to see you. >> i love london and it's great to be with you. >> thanks. we could be a luxury business. greg furman, are we a luxury business? >> i think you are. information is critical. >> okay. great. i like that. thank you. greg furman. >>> now, roaming charges may be a scary phrase to frequent travelers, but it's the key revenue stream that's in danger of going way for mobile providers. kelly will be speaking from the mobile world congress. she's still in barcelona. day two of that. more to come on "worldwide exchange." [ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ there. i said it. they don't have pictures of my kids. they don't have my yoga mat. and still, i feel at home. could it be the flat screen tv? the not so mini fridge? ♪ the different free dinner almost every we
CNBC
Feb 4, 2013 4:00am EST
in london what his favorite ad was but, of course, he said broadcast cnbc, so they don't get to see the ads. can you imagine? >> no, even though i'm from san francisco. >> oh, look at that. >> right. >> still devastated by the outcome, then, i would imagine. >> a little bit. >> my sister is in baltimore. she's pretty happy this morning i would imagine, maybe hurting a little bit, too. >>> regulators are to be given the power so split up uk banks. this is one of the new laws to be outlined by the uk chancellor in a speech coming up shortly. again, we'll carry that speech live here on cnbc, 11:30 central european time, that's about 20 minutes time for those of you in the uk. and we will follow the entire speech plus the question and answer segment. so stay with us for that. meanwhile, there are more changes at the top over at barclay's tonight. chris lucas and general counsel mark harding both announced their retirement, saying it was the appropriate time. mr. lucas is one of four people being investigated over allegations the bank made loans to qatar bought into the company at the height of
CNBC
Feb 20, 2013 4:00am EST
bureaucracy and paying more to get a u.k. visa just to come to london for two or tree days? >> right. -- or three days? >> right. why isn't britain part of the system in. >> there are lots of reasons, but if i give an analogy, the mexican government last year decided that if you had a u.s. visa, if you fought your way through the u.s. visa mechanism to get a u.s. visa, that was good enough for the mexicans. you didn't have to get a separatea. that's all i'm asking that china consider. they're a big market, there's estimates of losing two billion pounds a year through retail outlets. chinese tourists big spenders. >> at a time when they're looking for any way to increase growth why not pursue this obvious one? >> when chinese come, they come in groups. at the moment, they're not coming to the u.k. if you look in the reverse direction in beijing and shanghai shanghai,they've decided people can go without a visa. they're trying to encourage them to stop on the way to somewhere else, but the u.k. is not listening to the approach. >> when we look at the olympics, that was such a way for b
CNBC
Feb 22, 2013 4:00am EST
're seeing now is as american organizations look to globalize, london is a great opportunity for those businesses as they want to get out and whether their association or a corporation. if they want to run their event, lobbed is a gateway and a gateway city and we're very welcoming as we demonstrated in the olympic games last year, great at welcoming the world. >> but what about europe? it's right on the doorstep and only germany popped up there as being a top business partner. >> well, germany is high, but interestingly, on the mail answers, america and germany were very high. from the female respondents, italy was very high. perhaps sensing a bit of romance and africa, as well. >> really? >> yeah. africa was much higher on the female side than the male side. >> why do you think that is? >> perhaps a sense of adventure and maybe romance, as well. perhaps the guys were answer bing in a businesswide fashion, but the ladies were perhaps a little bit romantic about that. >> what do you now do with these findings? >> for us, our business, as we said, we're an events business and we can dri
CNBC
Feb 25, 2013 4:00am EST
and bersani cast their votes. we'll have coverage on that as soon as the polls close, 1500 c.e.t. london time. >>> nicholas anastasia swept to an election victory on sunday. he pledged to work with the country's eu partner toes secure a swift rescue package, insisting that the new government would prepare such an image around the world. >>> and a slowdown in chinese exports has been pulling back on the economy. it posted a fourth consecutive month of expansion. china's hsbc flash pmi index for february slipped to 50.4, the lowest reading in four months and down from a two-year high in january of 52.3. no one is hitting the panic button just yet. >> while the flash pmi slipped from a two-year high in yarn, it tells us china's economic recovery is intact. 6.4 is considered that the week long lunar new year holiday fell in february of this year. look back at lunar new year last year and you can see some of the distortion effect it fell in january 2012. what may be worry background this month's flash pmi is the new export orders subindex. it inched down to contraction territory, add to go existin
CNBC
Feb 6, 2013 4:00am EST
to reprivatize rbc. speaking in london, he's delivered a damning verdict on the handling of the bank. >>> and hsbc takes a turn in the hot seat appearing before the u.k. parliamentary commission on banking standards. hsbc's ceo, stuart gulliver and chairman douglas flint, giving comments as we speak. a couple of comments on the wire from them. flint i believe was saying that he supports the electrified fence that we heard george osborne unveil earlier that would effectively separate retail and investment banking for those banks that don't comply with the law. as we get other comments through from this as we have in previous days, we will bring you comments from that hearing. now earlier we asked you, yes, what monopoly token would you kick out. monopoly in the middle of updating its playing pieces. joann from michigan tweeted that she'd retire the beat-up old shoe and replace it with a louse vuitt vuitton. and another tweet, he'd give the shoe the boot. john, though, would rather get rid of the iron. he reiterates it's a great game. >> the iron? no, no, no. no, no, no, no. it stays.
Search Results 0 to 17 of about 18